Floor & Decor (NYSE:FND) EVP Sells $1,114,256.00 in Stock

Key Points

• EVP Ersan Sayman sold 21,428 Floor & Decor shares for about $1.11 million at an average price of $52.00, reducing his stake by 23.02% to 71,676 shares.
• Floor & Decor reported quarterly EPS of $0.61, beating estimates of $0.57, while revenue of $1.21 billion fell slightly short of forecasts and grew 3% year over year.
• Analysts’ consensus rating is “Reduce,” with a $54.70 average price target; the stock traded at $51.45 in Tuesday’s session.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) EVP Ersan Sayman sold 21,428 shares of the company's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the completion of the transaction, the executive vice president owned 71,676 shares of the company's stock, valued at approximately $3,727,152. This trade represents a 23.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Floor & Decor Price Performance

Shares of FND stock traded down $1.88 during mid-day trading on Tuesday, hitting $51.45. 2,185,977 shares of the stock were exchanged, compared to its average volume of 2,756,615. The firm has a fifty day moving average of $47.45 and a 200 day moving average of $54.18. The company has a quick ratio of 0.44, a current ratio of 1.32 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 52-week low of $42.64 and a 52-week high of $77.46. The company has a market cap of $5.48 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 4.49 and a beta of 1.56.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. Floor & Decor's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Floor & Decor by 6.5% during the first quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company's stock valued at $347,354,000 after acquiring an additional 416,572 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its stake in shares of Floor & Decor by 41.7% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company's stock worth $140,088,000 after acquiring an additional 811,910 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Floor & Decor by 33.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company's stock worth $132,424,000 after acquiring an additional 659,355 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Floor & Decor by 15.6% in the first quarter. Bank of America Corp DE now owns 1,501,698 shares of the company's stock worth $76,286,000 after acquiring an additional 202,977 shares during the last quarter. Finally, Worldly Partners Management LLC increased its position in shares of Floor & Decor by 3.2% during the second quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company's stock worth $81,393,000 after purchasing an additional 42,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FND. Truist Financial decreased their target price on Floor & Decor from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Wells Fargo & Company cut their price target on shares of Floor & Decor from $55.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, October 19th. TD Cowen reduced their price objective on shares of Floor & Decor from $58.00 to $52.00 and set a "hold" rating for the company in a research report on Friday, October 30th. Piper Sandler upped their price objective on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, UBS Group downgraded shares of Floor & Decor from a "neutral" rating to a "market perform" rating and decreased their price objective for the company from $60.00 to $54.00 in a report on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of "Reduce" and a consensus target price of $54.70.

About Floor & Decor

Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.

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